Bitcoin (BTC) surged past $76,000 on news of a potential ceasefire and negotiations between the U.S. and Iran. However, the price subsequently retreated to around $74,000, with analysts warning of potential selling pressure in the short term.
Analysis firm CryptoQuant noted that Bitcoin's recent rise is facing profit-taking risks due to increased inflows to exchanges, while the price has reached the resistance zone at $76,000.
Julio Moreno, head of research at CryptoQuant, mentioned in a recent report that Bitcoin's rebound is encountering an increasing risk of profit-taking, with many on-chain indicators showing a rise in selling pressure.
“The area around $76,000 is a critical resistance zone where investors are nearing their breakeven points, and selling pressure is intensifying.”
In January 2026, the price reversed downward after a limited rebound in the same area. If similar selling pressure occurs now as it did in January, the same pattern may repeat.”
Moreno explicitly stated that the increase in inflows to exchanges is an important warning signal.
According to data, hourly inflows have risen to about 11,000 BTC, reaching the highest level since December 2025. Moreno pointed out, “This is typically interpreted as a signal of short-term downward pressure, as investors usually move assets to exchanges in preparation for selling. In fact, in March 2026, when inflows reached 9,000 BTC per hour and the proportion of large deposits rose to 63%, a short-term price correction occurred.”
The analyst also stated that if Bitcoin experiences selling pressure at current levels, it could replicate the dynamics seen in January, with the first support level around $67,600.
Analysts concluded, “If Bitcoin can maintain above $76,000 or break through to achieve a price of $76,800 on-chain, daily realized gains could exceed $1 billion. This could lead to increased selling pressure, thereby raising the likelihood of a slowdown in the upward trend or a price reversal.”